Despegar.com (DESP) Receiving Somewhat Favorable Press Coverage, Report Finds

News headlines about Despegar.com (NYSE:DESP) have trended somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Despegar.com earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.7726892779345 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Despegar.com (DESP) opened at $26.90 on Friday. Despegar.com has a 52 week low of $22.73 and a 52 week high of $34.70.

A number of analysts have issued reports on the stock. UBS initiated coverage on shares of Despegar.com in a research report on Monday, October 16th. They issued a “neutral” rating and a $36.00 price target on the stock. KeyCorp initiated coverage on shares of Despegar.com in a report on Monday, October 16th. They issued an “overweight” rating and a $40.00 price target on the stock. Guggenheim initiated coverage on shares of Despegar.com in a report on Thursday, September 28th. They issued a “buy” rating and a $38.00 price target on the stock. Citigroup initiated coverage on shares of Despegar.com in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 target price on the stock. Finally, Cowen restated a “buy” rating and issued a $35.00 target price on shares of Despegar.com in a research note on Sunday, November 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.83.

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Despegar.com Company Profile

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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